The cloud offers a cost-effective option for video surveillance

Video surveillance systems play an integral role in securing businesses and streamlining operations but can incur unexpected expenses. A cloud solution can help combat this by offering multiple ways to save. For example, the cloud inherently provides a cost-effective solution because of its use of resource pooling. This means that computing resources are shared and dynamically assigned to users on an as-needed basis, which can save power and money. As a result, more businesses are turning to cloud security systems because they are more economical and practical.

Here are the top three ways you can save with the cloud:

Cut Your Operational Costs

If you’re not comfortable with the large monetary fluctuations typical of a CapEx model, a cloud-based video surveillance system allows you to charge your security costs to OpEx instead. This distributes your spending over the course of months or years rather than requiring a major up-front purchase.

Use Your Existing Equipment

A second way you can implement budget-conscious purchasing is by selecting a cloud video surveillance vendor that works with your existing cameras and existing infrastructure. No more rip-and-replace—you can use cameras you already own.

Lock in Your Rate

Third, consider garnering the savings afforded by a multiyear subscription. Not only will you future proof your security, you’ll also reap discounted rates.

Continue reading to learn more about these three areas of cost savings.

Save with a cloud-based OpEx video surveillance system

Moving from a CapEx (on-prem, purchased equipment) model to an OpEx (cloud-based subscription) model can provide considerable savings out of the gate—up to 35% of the total cost of ownership for many large commercial businesses. The OpEx, cloud-based option provides savings in a number of areas:

No longer be responsible for upgrading on-prem servers every few years.
Save on the significant electric costs associated with running an on-site system.
Receive continual cybersecurity updates, mitigating the chance of costly breaches.

Choose a security system compatible with your current equipment

Save on surveillance by selecting a security system vendor that works with your existing cameras and infrastructure. Avoid purchasing new or expensive specialty cameras by selecting a platform that is compatible with your current equipment. The Eagle Eye Cloud VMS (video management system) works with thousands of industry-standard (ONVIF) cameras and does not require customers to rip-and-replace their existing infrastructure.

Lock in pricing with a multiyear subscription

A third method of savings for your security needs is to not only embrace the OpEx subscription model, but also take advantage of a multiyear subscription. This strategy takes aim at inflation, which remains high. By securing a set yearly subscription price, customers hedge against inflation and lock in a confirmed rate for a term ranging from one to five years. Eagle Eye Networks customers who sign up for a yearly or multiyear subscription establish rates up front to guarantee that their costs will not increase for the length of the subscription.

Learn more about lowering expenses on your security system with a cloud-based OpEx model: View the Eagle Eye Networks report on Total Cost of Ownership. To see what that looks like for your specific use case, schedule a demo with a product specialist.

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Three ways to save on business video surveillance systems